IFSC Code, MICR Codes for INDIAN OVERSEAS BANK in ANDHRA PRADESH - VISHAKHAPATNAM - VISAKHAPATNAM - NAD JUNCTION

INDIAN OVERSEAS BANK RTGS HO Branch in VISAKHAPATNAM - Address, IFSC, MICR Code


IFSC Code

IOBA0001939

MICR Code

530020007

Branch

NAD JUNCTION

Contact

2701588

Address

58 1 23 BY 1 MARRIPALEM ROADGROUND FLOOR NEAR NAD JUNCTION VISAKHAPATNAM PIN 530009

City

VISAKHAPATNAM

District

VISHAKHAPATNAM

State

ANDHRA PRADESH





What is IFSC Code of INDIAN OVERSEAS BANK situated at NAD JUNCTION- RTGS-HO?
IFSC Code of INDIAN OVERSEAS BANK situated at NAD JUNCTION - RTGS-HO is

IOBA0001939

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.